Silver price shows calm negative trades to approach 28.00$ barrier, waiting for more decline to test 27.62$ as a main negative target.

Therefore, we will continue to suggest the intraday bearish trend on the intraday basis unless breaching 28.55$ and holding above it, reminding you that it is important to monitor the price when reaching the targeted level due to its importance to determine the next trend.

The expected trading range for today is between 27.60$ support and 28.55$ resistance.

Trend forecast: Bearish

Gold price provides new positive trades to crawl towards the historical high at 2483.40$, while stochastic continue to lose the positive momentum to support the chances of declining again.

Until now, the intraday bearish scenario still valid unless the price rallied to breach 2483.40$ and hold above it, noting that breaking 2440.00$ will open the way to head towards our waited negative target at 2412.50$.

The expected trading range for today is between 2430.00$ support and 2470.00$ resistance.

Trend forecast: Bearish

The GBPUSD price achieved initial breach to 1.2870$ level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, opening the way to head towards our positive targets at 1.2940$ followed by 1.3044$, taking into consideration that failing to consolidate above 1.2870$ will stop the current rise and push the price to turn to decline.

The expected trading range for today is between 1.2800$ support and 1.2955$ resistance.

Trend forecast: Bullish

The EURUSD price shows bullish bias to test 1.1000$ barrier, which urges caution from the upcoming trading, as continuing the rise and surpassing 1.1040$ will push the price to achieve more gains and turn to rise.

Until now, the bearish trend scenario still active as long as 1.1040$ level remains intact, reminding you that our main waited target is located at 1.0825$.

The expected trading range for today is between 1.0890$ support and 1.1040$ resistance.

Trend forecast: Bearish